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Ajax Manufacturing has the following cost structure: Direct material $10 Direct labor 20 Variable manufacturing overhead 5 Total variable manufacturing costs per unit $35 Fixed

Ajax Manufacturing has the following cost structure:

Direct material $10

Direct labor 20

Variable manufacturing overhead 5

Total variable manufacturing costs per unit $35

Fixed manufacturing overhead per year $100,000

Fixed selling and administrative expense per year$200,000

Assume that Ajax produces 10,000 items and sells 8,000 items. In this case, the full costing value of cost of goods sold is:

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